Reserve

In brief The Federal Reserve proposed rules requiring Board-supervised payment stablecoin issuers to fully back their tokens with permissible assets like short-term Treasury bills, plus standardized capital requirements, risk-management standards and rules for safekeeping …

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Tax authorities, meanwhile, are concerned about widespread underreporting. In the financial year ended March 2023, fewer than a quarter of the 645,000 individuals who transacted in crypto actually declared those gains on their tax …

US lawmakers have renewed efforts to codify a US strategic Bitcoin reserve with a new bipartisan bill on Thursday that seeks to acquire around 1 million Bitcoin over five years.  The American Reserve Modernization …

A recent paper by the Bitcoin Policy Institute on Taiwan opens with a familiar argument that the country’s reserves are overconcentrated in dollars. Gold underperforms its potential, and Bitcoin could complement both. Readers who …

In brief Bitcoin is trading near $69,240 following an IEA proposal to release over 182 million barrels of oil to rein in prices. Surging oil prices elevate inflation concerns, potentially leading to higher interest …